ACI CEO Todd R. Walsh was recently quoted in InvestmentNews to discuss his expectation of a “murky and more volatile summer.” Despite near-term uncertainty, he still sees the S&P 500 on track to hit new highs by autumn.
Here is an excerpt below from InvestmentNews:
“In the wake of recent tame CPI and PPI data, as well as marginally weaker jobs numbers, Todd Walsh, CEO of Alpha Cubed Investments also believes the Fed is getting into a position to lower rates. According to Walsh, they will likely wait until the July meeting to ensure any tariff related inflation data ‘does not well up in the interim.’
As it relates to client portfolios, Walsh is looking for a ‘murky and more volatile summer’ to evolve into a more optimistic autumn.
‘The path of least resistance is back to the all-time high for the S&P 500, but then the markets may need to digest the risks above over the summer before moving higher,’ Walsh said.”
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